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Trump Media, Tesla, Bitcoin Are Surging
Stock Market Surges
Amid Trump Win
Nov 6, 2024 6:05 AM CST

Stock Market Surges Amid Trump Win

His promise of low corporate tax rates boosts investor confidence

(Newser) - The dollar spiked, bitcoin hit a record high, and US stock futures soared early Wednesday at the prospect of another Donald Trump presidency and a possible red sweep of Congress. Futures on the Dow Jones Industrial Average soared 1,254 points, or about 2.9%. The last time the Dow...

Stocks Start the Week by Holding Steady
Stocks Start the Week
by Holding Steady
MARKETS
Apr 8, 2024 3:27 PM CDT

Stocks Start the Week by Holding Steady

It was a mixed close after last week's roller-coaster ride

(Newser) - Stocks drifted to a mixed close after last week's roller-coaster ride left them shy of their records. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq composite all ended little changed. The focus on Wall Street has been on interest rates and when the Federal Reserve...

This EV Carmaker Just Had a Huge Day

Vietnam's VinFast hits $85B market cap on first day of Nasdaq trading, now worth more than Mercedes

(Newser) - A Vietnamese carmaker debuted on the Nasdaq on Tuesday and was suddenly worth more than legacy brands including Ford, General Motors, Mercedes-Benz, and Volkswagen. VinFast, one of the biggest automakers in Vietnam, began offering gas-powered vehicles in 2018, per Quartz . It launched electric vehicles in 2021, but only began selling...

Wall Street Rallies Ahead of Reports From Big Tech

Traders expect Fed to raise rates this week for the last time in this cycle

(Newser) - Wall Street ticked higher Monday to start a week full of updates on where interest rates and profits for the stock market's most influential companies are heading. The S&P 500 rose 18.30, or 0.4%, to 4,554.64, coming off its eighth winning week in the...

Stocks Headed for Worst Year Since 2008

The picture is even worse for cryptocurrencies

(Newser) - Friday is the last trading day in a year many on Wall Street will be glad to see the last of. Stock futures fell overnight, leaving major indexes on course for their worst year since 2008, CNBC reports. The S&P 500 dropped 19.24% in 2022, the Nasdaq plunged...

Stocks Surge After Fed Rate Hike
Stocks Surge After
Fed Rate Hike
MARKETS
Jul 27, 2022 3:43 PM CDT

Stocks Surge After Fed Rate Hike

Nasdaq index had its best day in more than 2 years

(Newser) - Stocks on Wall Street closed solidly higher Wednesday after the Federal Reserve ratcheted up its campaign against surging inflation by raising its key interest rate three-quarters of a point. The Fed’s latest hike lifts the benchmark short-term rate to its highest level since 2018. The S&P 500 rose...

Tesla Stock Slumps 12.2%
Tesla Stock Slumps 12.2%
MARKETS
Apr 26, 2022 3:54 PM CDT

Tesla Stock Slumps 12.2%

Investors worry Twitter buy will distract Musk

(Newser) - More sharp declines in Big Tech stocks sent the Nasdaq composite down 4% Tuesday, the worst drop for the tech-heavy index since September 2020. The Nasdaq is now down 20% so far this year as investors shun the ultra-pricey tech sector, which had made gangbuster gains for much of the...

Markets Regroup After Tuesday Sell-Off
Dollar Tree Was Among
Day's Biggest Winners
MARKETS
Sep 29, 2021 4:01 PM CDT

Dollar Tree Was Among Day's Biggest Winners

Markets regroup after Tuesday sell-off

(Newser) - Stocks ended a wobbly day with mixed results on Wall Street Wednesday as the market regrouped following a sharp drop a day earlier. The S&P 500 and the Dow Jones Industrial Average held on to modest gains, but the Nasdaq gave back 0.2%. Treasury yields stabilized, a welcome...

S&P 500 Just Had Its Biggest Drop Since May
S&P 500 Just Had Its
Biggest Drop Since May
MARKETS
Sep 28, 2021 3:57 PM CDT

S&P 500 Just Had Its Biggest Drop Since May

Nasdaq drops 2.8% amid tech sell-off

(Newser) - Technology companies led a broad slide in stocks on Wall Street Tuesday as investors reacted to a surge in US government bond yields. The benchmark S&P 500 index had its worst drop since May, and the tech-heavy Nasdaq had its worst drop since March. The main action was again...

Big Tech Stocks Drop as Banks, Energy Firms Rise

Dow Jones edged up 71 points

(Newser) - Stocks wound up a mixed bag on Wall Street Monday as losses for several Big Tech companies checked gains elsewhere in the market. Microsoft fell 1.7% and Apple gave back 1.1%. The yield on the 10-year Treasury note rose to 1.49%, its highest level since late June....

Tech Gains Lift Nasdaq to New High
Tech Gains Lift
Nasdaq to New High
MARKETS
Sep 1, 2021 3:43 PM CDT

Tech Gains Lift Nasdaq to New High

S&P 500 added a single point

(Newser) - Stocks eked out some modest gains on Wall Street Wednesday, enough to nudge the Nasdaq composite index to another all-time high. The S&P 500 gave up nearly all of a midday gain and ended just 1 point higher, or less than 0.1%. Small-company stocks did better than the...

Big Gains for Travel Stocks as S&P 500, Nasdaq Set Records

Nasdaq closed above 15K for first time

(Newser) - Stocks closed modestly higher on Wall Street Tuesday, enough to nudge the Nasdaq composite to a record high and past 15,000 for the first time. The broader S&P 500 index also set a record high. Banks, consumer-focused companies, and small-company stocks outpaced the rest of the market. The...

Dow, S&P 500 Hit Record Highs Despite Tech Slide
Banks Big Gainers as
Indexes Hit Record Highs
MARKETS
Aug 10, 2021 3:43 PM CDT

Banks Big Gainers as Indexes Hit Record Highs

Indexes rose despite slide in tech stocks

(Newser) - Stocks capped another wobbly day of trading on Wall Street with modest gains Tuesday, as financial and industrial companies helped lift the market, outweighing a pullback in technology stocks. The S&P 500 recovered from an early slip and eked out a 0.1% gain, enough to eclipse the record...

Tech Sell-Off Drags Nasdaq Down 2.5%
Big Drops for Tech Stocks
Drag Markets Down
MARKETS
May 10, 2021 3:36 PM CDT

Big Drops for Tech Stocks Drag Markets Down

Musk's 'SNL' appearance didn't help Tesla stock

(Newser) - Drops in several Big Tech companies led the stock market lower Monday, pulling major indexes below the record highs they set last week. The S&P 500 lost 1% after spending the first half of the day wobbling between small gains and losses. The tech-heavy Nasdaq gave back 2.5%...

Stocks Hit Record Highs as UK Begins Vaccinations
Markets Are 'Excited
for Post-Vaccine World'
MARKETS
Dec 8, 2020 3:56 PM CST

Markets Are 'Excited for Post-Vaccine World'

S&P 500, Nasdaq hit record hights

(Newser) - Steady gains throughout the day delivered another round of record highs for major indexes on Wall Street Tuesday. The S&P 500 rose 0.3% to 3,702.25, closing above 3,700 points for the first time . The tech-heavy Nasdaq also hit a record high. Small-company stocks rose much...

Wall St. Rally Loses Steam
Wall St. Rally Loses Steam
MARKETS
Nov 11, 2020 3:29 PM CST

Wall St. Rally Loses Steam

But tech stocks clawed back some losses

(Newser) - An early rally on Wall Street lost steam by the closing bell Wednesday, leaving major indexes mixed. The S&P 500 rose 0.8%, thanks largely to gains in big technology companies. The Nasdaq rose 2% to 11,786.43, and the Dow Jones industrials edged down 0.1%, or...

Wall Street Halts 4-Day Losing Streak
Wall St. Bounces Back
After 4-Day Losing Streak
MARKETS
Sep 22, 2020 4:14 PM CDT

Wall St. Bounces Back After 4-Day Losing Streak

Strong home sales gave markets a boost

(Newser) - Stocks rebounded on Wall Street Tuesday, recovering some of their losses after tumbling on a raft of worries about the pandemic and governments’ response to it. The S&P 500 gained 1.1%, halting its first four-day losing streak since the market was selling off in February. Trading was erratic,...

Dow Drops 632 Points as Tech Stocks Slump
Dow Drops 632 Points
as Tech Stocks Slump
MARKETS
Sep 8, 2020 3:39 PM CDT

Dow Drops 632 Points as Tech Stocks Slump

Nasdaq is down 10% over 3 trading days

(Newser) - Big technology stocks tumbled again on Tuesday, continuing the Icarus-like flight path for companies that just a week ago were the high-flyers carrying Wall Street to record heights. The S&P 500 fell 95.12, or 2.8%, to 3,331.84 and clinched its first three-day losing streak in...

S&P 500, Nasdaq Start Month With New Highs
S&P 500, Nasdaq Start
Month With New Highs
MARKETS
Sep 1, 2020 4:16 PM CDT

S&P 500, Nasdaq Start Month With New Highs

Zoom was up more than 40%

(Newser) - Wall Street kicked off September with another set of milestones Tuesday, as an afternoon rally carried the S&P 500 and Nasdaq composite to all-time highs. The S&P 500 bounced back from a modest loss in the early going to finish 0.8% higher a day after the benchmark...

Stocks Make Solid Gains After Choppy Start
Nasdaq Sets New Record
MARKETS
Jun 22, 2020 4:41 PM CDT

Nasdaq Sets New Record

Other indexes also saw solid gains

(Newser) - Stocks on Wall Street shook off a choppy start and closed higher Monday, extending the market's gains from last week. The initial drop followed weakness in overseas markets as the global tally of coronavirus infections approached 9 million. Technology companies led the way, outweighing losses in health care and...

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